Financial Crash Expert: A Once In a Lifetime Recession Is Coming
6/8/202614 min
📚 Learn 50+ years of Real Economics in only 7 weeks. Apply here:
https://www.stevekeen.com/privatesectmoneycreation
(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get Ravel© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).
Decades of debt-fueled growth, reckless Trump-era fiscal policies, and Wall Street dominance have left the U.S. dollar and the global financial system dangerously vulnerable. As foreign investors pull back from U.S. Treasury bonds, inflation pressures rise, and credit cycles hit their limit, ordinary Americans face the reality of working past 65 and navigating a collapsing financial safety net.
In this critical analysis, Professor Keen explains why the current neoliberal economic model built on unsustainable debt, deregulation, and financial illusions cannot withstand the next shock. The AI boom, often hailed as a solution, is no safeguard; technology cannot fix a broken credit system.
Amidst a challenging economy, public concern over economic conditions is fueling scrutiny of major political events. From donald trump's Epstein files and ongoing presidential scandals to debates surrounding tariffs and the 'Great Health Care Plans' and the 'Big Beautiful Bill,' every policy and event is now intensely questioned by the public.
Topics covered in this video:
✅ De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum
✅ Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance
✅ Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy
✅ Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees
✅ AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure
✅ Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets
If you want to understand the forces threatening the U.S. dollar, sovereign debt stability, and the future of the global economy, this video is a must-watch.
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📚 Learn 50+ years of Real Economics in only 7 weeks. Apply here:
https://www.stevekeen.com/privatesectmoneycreation
(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get Ravel© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).
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#usdebtcrisis #stevekeen #economiccollapse #bondmarket #usdebtcrisis #creditcrunch #neoliberalism #globaleconomy #aibubble
Clips
Transcript preview
First 90 secondsSpeaker 1· Soundbite0:00
Print what you need, so you get what you want. They think they can get anything they want and never have to really pay for it.
Speaker 2· Soundbite0:07
So we've got a two trillion dollar deficit, and if this, if we don't do something about this deficit, the country's going bankrupt.
Steve Keen· Host0:15
Ninety percent of the money created since two thousand has been created by the private sector, not by the government. So we've got a very stuffed up system that desperately needs to be repaired. So all the obsession the neoclassicals have about what government money creation does wrong is ignoring that it's actually private money creation that's causing most of the booms and busts.
Speaker 40:31
Meet Steve Keen, the economist who predicted the two thousand and eight crash before anyone else. In this video, he explains how the government's creation of money benefits the economy, while private sector money creation is the reason for economic recession and the boom-and-the-bust cycle.
Steve Keen· Host0:49
So imagine there's a world in which there's only private banking, and you have firms who pay wages to workers and dividends to shareholders, and then workers and shareholders and banks then buy goods from the firms, and then firms borrow for working capital and investment, that sort of situation. The only thing that actually changes the amount of money is the credit operation, and that's what banks do. When you borrow money, they put credit dollars per year into bank account, they increase loans by credit dollars per year, and they've increased the money supply by credit dollars per year by doing that. To create money, you've got to have an operation that occurs on both the assets and the liabilities